Dominion Energy, Inc. (NYSE:D) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 11.4% during the third quarter, Holdings Channel.com reports. The fund owned 5,288 shares of the utilities provider’s stock after selling 682 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Dominion Energy were worth $306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of Dominion Energy in the 2nd quarter valued at approximately $27,000. Rise Advisors LLC acquired a new stake in Dominion Energy during the 1st quarter valued at $30,000. LRI Investments LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the second quarter worth $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Dominion Energy during the second quarter valued at $35,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on D shares. BMO Capital Markets increased their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Scotiabank upped their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Finally, Barclays upped their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Stock Performance

Shares of D opened at $59.74 on Friday. The firm has a market cap of $50.04 billion, a P/E ratio of 30.79, a PEG ratio of 1.52 and a beta of 0.60. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $60.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The firm’s 50 day moving average price is $56.99 and its two-hundred day moving average price is $53.22.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. On average, analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.47%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.